1116 GMT - The U.K. Debt Management Office has shown flexibility to adapt to changes in demand with this week's revised gilt remit for fiscal 2026, Barclays fixed income strategist Moyeen Islam says in a note. The DMO said earlier this week it was increasing planned sales of Treasury bills and short-dated gilts but decreasing long-dated gilt sales in the financial year to reflect "underlying demand for gilts and long-term cost and risk factors." This move "signals a willingness to be flexible to market demand and conditions," Islam says. The DMO raised the net financing remit to 309.1 billion pounds ($411.41 billion), up 4.9 billion pounds from the spring budget announcement. This will be filled via a 5 billion pound increase in very short-term Treasury bills. (miriam.mukuru@wsj.com)
(END) Dow Jones Newswires
April 25, 2025 07:16 ET (11:16 GMT)
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